On June 11, Biren Technology fell 3.97% in regular trading, trading at HK$52.0/share, with trading volume of HK$57.18 million.

On the news front, the decline is a continuation of selling pressure following the company's official inclusion in the Stock Connect program on June 8. The stock had previously rallied over 26% in anticipation of the inclusion, and since the news materialized, the classic buy-the-rumor-sell-the-news dynamic has driven cumulative losses of approximately 8% over June 8-9, followed by a brief rebound on June 10 before selling resumed.

Additionally, on June 5 the company submitted an application to the China Securities Regulatory Commission to convert approximately 868 million domestic unlisted shares into H-shares on a one-for-one basis. The application has not yet been accepted, but the potential significant increase in tradable supply continues to weigh heavily on market sentiment.

Within the semiconductor sector, the broader weakness also contributed, with HUA HONG SEMI down 1.68% and GIGADEVICE down 0.84%, providing additional drag on the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)